Student Loan Repayment Plans

When a borrower leaves school and enters repayment on their student loans, these loans are typically enrolled on a Standard Repayment Plan. On the Standard Repayment Plan, borrowers are required to pay a fixed payment over a ten year term (10-30 years for Consolidation Loans). Learn more…

Borrowers who make a modest living after graduating from college but anticipate a steady increase in income could benefit from the Graduated Repayment Plan. The Graduated Repayment Plan works by setting payments low at the beginning of the repayment period, with payments increasing slightly every two years. Learn more…

On the Extended Repayment Plan, borrowers can make reduced monthly payments for up to 25 years. While payments on the Extended Repayment plan may be much more affordable than the 10-Year Standard Repayment Plan, borrowers will typically pay more in interest as a result of the extended term. Learn more…

Pay As You Earn is a federal program introduced on December 21, 2012 to keep monthly student loan payments affordable for borrowers with low incomes and high student loan balances. Compared to other plans, Pay As You Earn typically provides the lowest payment. Learn more…

Revised Pay As You Earn is a federal student loan program that was launched on December 17, 2015. REPAYE is designed to help borrowers maintain affordable monthly student loan payments relative to their income. Learn more…

In certain cases, you can temporarily postpone student loan payments through a deferment or forbearance. These options can help keep student loans in good standing and prevent credit damage. Learn more…